On 5 October 2009, Hypo Real Estate (HRE) fell into state hands; just under a year later, the remains of the Munich-based financial institution became “FMS-WM”. Around 176 billion euros in non-performing loans were transferred to the newly established bad bank and gradually disposed of: real estate loans, ship investments or even government bonds. At the end of 2018, the book value of the NPLs was 69 billion euros.<\/p>\n
In July 2007, shortly before the outbreak of the financial crisis, HRE had taken over the Irish Depfa Bank from Dublin – for a proud 5.2 billion euros. As it turned out shortly afterwards, this was the death blow for the Munich-based finance company. The then CEO Bruckermann received the equivalent of 120 million euros in shares from the deal. In 2020, the Irish bank is to be sold for a three-digit million sum. ZDFheute<\/a>, Irish Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Foundation of the bad bank “FMS-WM”.","protected":false},"author":2,"featured_media":18540,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[130],"tags":[],"class_list":["post-18547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category--el"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/posts\/18547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/comments?post=18547"}],"version-history":[{"count":2,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/posts\/18547\/revisions"}],"predecessor-version":[{"id":18549,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/posts\/18547\/revisions\/18549"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/media\/18540"}],"wp:attachment":[{"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/media?parent=18547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/categories?post=18547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/tags?post=18547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}